Ilmarinen Mutual Pension Insurance Co Buys New Position in Cardinal Health, Inc. $CAH

Ilmarinen Mutual Pension Insurance Co bought a new stake in Cardinal Health, Inc. (NYSE:CAH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $4,932,000.

A number of other large investors have also recently made changes to their positions in CAH. Aventura Private Wealth LLC acquired a new stake in Cardinal Health during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its position in Cardinal Health by 198.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,112 shares of the company’s stock worth $27,000 after acquiring an additional 14,034 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Cardinal Health in the 3rd quarter worth $31,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Cardinal Health in the 3rd quarter worth $31,000. Finally, Cape Investment Advisory Inc. lifted its stake in shares of Cardinal Health by 61.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 211 shares of the company’s stock worth $33,000 after acquiring an additional 80 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CAH. William Blair began coverage on shares of Cardinal Health in a research note on Tuesday, April 28th. They issued an “outperform” rating for the company. Weiss Ratings cut shares of Cardinal Health from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, May 19th. Zacks Research upgraded shares of Cardinal Health from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Morgan Stanley raised their price target on Cardinal Health from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Finally, UBS Group set a $260.00 price target on Cardinal Health and gave the company a “buy” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.80.

Cardinal Health Trading Down 1.6%

CAH stock opened at $196.57 on Friday. The company has a market cap of $46.04 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.19 and a beta of 0.53. Cardinal Health, Inc. has a 52 week low of $137.75 and a 52 week high of $233.60. The company’s 50-day moving average price is $203.52 and its 200 day moving average price is $208.79.

Cardinal Health (NYSE:CAH) last released its quarterly earnings data on Thursday, April 30th. The company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.38. The firm had revenue of $60.94 billion for the quarter, compared to the consensus estimate of $62.10 billion. Cardinal Health had a net margin of 0.62% and a negative return on equity of 92.61%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Cardinal Health has set its FY 2026 guidance at 10.700-10.80 EPS. On average, equities research analysts expect that Cardinal Health, Inc. will post 10.76 earnings per share for the current year.

Cardinal Health Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.5158 per share. This is a boost from Cardinal Health’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 1st. Cardinal Health’s payout ratio is presently 31.19%.

About Cardinal Health

Cardinal Health is a multinational healthcare services and products company headquartered in Dublin, Ohio. Tracing its roots to the early 1970s, the company has grown into a major provider of supply chain and distribution services for the healthcare sector. Cardinal Health operates across a range of service lines that support hospitals, health systems, pharmacies, physician offices and clinical laboratories.

The company’s core activities include the wholesale distribution of branded and generic pharmaceuticals, the supply and distribution of medical-surgical products, and the provision of logistics and inventory management solutions.